Dáil debates

Wednesday, 19 May 2021

Counterfeiting Bill 2020: Report and Final Stages

 

5:22 pm

Photo of James BrowneJames Browne (Wexford, Fianna Fail) | Oireachtas source

I move amendment No. 10:

In page 25, between lines 6 and 7, to insert the following: “Amendment of Economic and Monetary Union Act 1998

30.The Economic and Monetary Union Act 1998 is amended—
(a) by the substitution of the following section for section 13:
“13.The following shall be defrayed out of the general fund of the Central Bank of Ireland and debited therein to the currency reserve:
(a) all sums required for the provision of coins denominated in euro or in cent and provided under section 11;

(b) all sums required for the performance by the Central Bank of Ireland of its functions under sections 12(1)(b), 12(3)and 27(b)of the Counterfeiting Act 2021.”,
and

(b) in section 14A(4) (inserted by section 137 of the Finance Act 2002), by the substitution of the following paragraph for paragraph (a):
“(a) the sum which stands to be defrayed out of the general fund of the Central Bank of Ireland and debited in it to the currency reserve—
(i) under section 13, or

(ii) in respect of the provision of coins under—
(I) section 33(1), or

(II) section 6 of the Decimal Currency Act, 1969,”.”.

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